by dankeelan | May 8, 2024 | Batteries, Government, US Economy
The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs eligible for credits of up to $7,500 but leading critics to accuse the Biden administration of helping China. The Treasury Department announced final...
by dankeelan | Apr 18, 2024 | Electric Vehicles, Featured, US Economy
New electric cars are cheaper than ever, and a robust used market is finally giving prospective buyers budget options. That’s good news for EV adoption overall, but frustrating for owners who bought EVs at high prices and are seeing their cars lose value at alarmingly...
by dankeelan | Jan 4, 2024 | Detroit, Electric Vehicles, Featured, US Economy
General Motors said on Wednesday it is offering incentives of $7,500 on its electric vehicles that earlier this week lost a U.S. government tax credit, while Ford Motor said it is hiking the prices of some of its F-150 EVs by $10,000. The Treasury issued guidelines in...
by dankeelan | Dec 7, 2023 | Electric Vehicles, Featured, US Economy
Americans purchased one million fully electric vehicles in 2023, the first time that many EVs have ever been sold in this country in a single year. More than 960,000 purely electric vehicles had been sold through October, according to a report from Bloomberg New...
by dankeelan | Oct 5, 2023 | Detroit, Unions, US Economy
Ford Motor Company announced about 400 workers in Metro Detroit have been laid off as a result of the United Auto Workers strike. The automaker says 350 workers at the Livonia Transmission Plant and 50 workers at the Sterling Axle Plant have been instructed...
by dankeelan | Oct 5, 2023 | Auto Industry, Detroit, Featured, Unions, US Economy
General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. “The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages...
Recent Comments